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🪙Bitcoin's open interest index, which shows the number of active futures trades, is at its highest level, which shows that more than ever, traders are willing to trade, which can be a sign of big moves ahead of the market.

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However, this spike in open interest alone doesn’t necessarily tell you which direction the market’s gonna move. It could lead to either a bullish or bearish trend, so traders usually pair this with other tools to confirm their next move.